June 17, 2009 – House & Senate reach tenative agreement on $106 Billion wartime spending bill which includes $1 billion for Cash for Clunkers bill. This is the third major hurdle that the program has cleared and a vote will be taken on the wartime spending bill any day. The program looks like it is heading forward with a green light. Vote expected tomorrow.
If the Senate approves the CFC program, the measure will go to President Barack Obama for his signature. The President has already said that he would sign the bill. Then the National Highway Traffic Safety Administration will have 30 days to put regulations in place for the program.
